Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Yoko Sato was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 13
Japan Cash Machine Co., Ltd., Annual General Meeting, Jun 24, 2026 Japan Cash Machine Co., Ltd., Annual General Meeting, Jun 24, 2026. Announcement • Feb 12
Japan Cash Machine Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Japan Cash Machine Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026 Announcement • Dec 04
Japan Cash Machine Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Japan Cash Machine Co., Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Announcement • Sep 27
Japan Cash Machine Co., Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Japan Cash Machine Co., Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Announcement • May 31
Japan Cash Machine Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Japan Cash Machine Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • May 09
Japan Cash Machine Co., Ltd., Annual General Meeting, Jun 25, 2025 Japan Cash Machine Co., Ltd., Annual General Meeting, Jun 25, 2025. Announcement • Mar 27
Japan Cash Machine Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Japan Cash Machine Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Announcement • Feb 07
Japan Cash Machine Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Japan Cash Machine Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects Net sales of JPY 38,000 million, Operating profit of JPY 5,100 million. Profit attributable to owners of parent of JPY 3,900 million and Basic earnings per share of JPY 144.12. Announcement • Jan 17
Japan Cash Machine Co., Ltd. to Report Q3, 2025 Results on Feb 06, 2025 Japan Cash Machine Co., Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥18.05 (vs JP¥21.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.05 (down from JP¥21.16 in 2Q 2024). Revenue: JP¥11.1b (up 61% from 2Q 2024). Net income: JP¥486.0m (down 22% from 2Q 2024). Profit margin: 4.4% (down from 9.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%). Announcement • Aug 30
Japan Cash Machine Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Japan Cash Machine Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 New Risk • Aug 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €4.88, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.55, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 47% over the past three years. Announcement • Jun 28
Japan Cash Machine Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Japan Cash Machine Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Board Change • Jun 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Outside Director Tatsuhiko Saruwatari was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 11
Japan Cash Machine Co., Ltd. (TSE:6418) announces an Equity Buyback for 1,220,000 shares, representing 4.34% for ¥1,579.9 million. Japan Cash Machine Co., Ltd. (TSE:6418) announces a share repurchase program. Under the program, the company will repurchase up to 1,220,000 shares, representing 4.34% of its share capital, for ¥1,579.9 million. The shares will be repurchased at a price of ¥1,295 per share. The purpose of the program is to enable the implementation of flexible capital policies in response to changes in the business environment. The program will expire on May 10, 2024. As of April 30, 2024, the company had 28,136,724 shares in issue (excluding treasury stock) and 1,535,927 shares in treasury. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥113 (vs JP¥106 in FY 2023) Full year 2024 results: EPS: JP¥113 (up from JP¥106 in FY 2023). Revenue: JP¥31.6b (up 25% from FY 2023). Net income: JP¥3.28b (up 4.3% from FY 2023). Profit margin: 10% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.5%). New Risk • Mar 12
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Feb 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 45% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥10.70 (vs JP¥4.08 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.70 (up from JP¥4.08 loss in 3Q 2023). Revenue: JP¥8.96b (up 33% from 3Q 2023). Net income: JP¥314.0m (up JP¥435.0m from 3Q 2023). Profit margin: 3.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. New Risk • Nov 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 43% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥21.16 (vs JP¥12.03 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.16 (up from JP¥12.03 in 2Q 2023). Revenue: JP¥6.94b (up 11% from 2Q 2023). Net income: JP¥621.0m (up 74% from 2Q 2023). Profit margin: 9.0% (up from 5.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥5.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 10.0% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.5%). Announcement • Aug 27
Japan Cash Machine Co., Ltd. to Report Q2, 2024 Results on Nov 08, 2023 Japan Cash Machine Co., Ltd. announced that they will report Q2, 2024 results on Nov 08, 2023 New Risk • Aug 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥25.56 (vs JP¥31.52 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.56 (down from JP¥31.52 in 1Q 2023). Revenue: JP¥6.39b (up 6.3% from 1Q 2023). Net income: JP¥750.0m (down 20% from 1Q 2023). Profit margin: 12% (down from 16% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Japan Cash Machine Co., Ltd. to Report Q1, 2024 Results on Aug 03, 2023 Japan Cash Machine Co., Ltd. announced that they will report Q1, 2024 results on Aug 03, 2023 Announcement • May 13
Japan Cash Machine Co., Ltd., Annual General Meeting, Jun 27, 2023 Japan Cash Machine Co., Ltd., Annual General Meeting, Jun 27, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥106 (vs JP¥20.40 in FY 2022) Full year 2023 results: EPS: JP¥106 (up from JP¥20.40 in FY 2022). Revenue: JP¥25.3b (up 26% from FY 2022). Net income: JP¥3.15b (up 420% from FY 2022). Profit margin: 13% (up from 3.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €9.45, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 26x in the Electronic industry in Germany. Total returns to shareholders of 120% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: JP¥4.08 loss per share (vs JP¥28.25 profit in 3Q 2022) Third quarter 2023 results: JP¥4.08 loss per share (down from JP¥28.25 profit in 3Q 2022). Revenue: JP¥6.72b (up 21% from 3Q 2022). Net loss: JP¥121.0m (down 114% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Japan Cash Machine Co., Ltd. (TSE:6418) announces an Equity Buyback for 400,000 shares, representing 1.35% for ¥400 million. Japan Cash Machine Co., Ltd. (TSE:6418) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.35% of its share capital, for ¥400 million. The purpose of the program is to improve stock value per share and capital efficiency. The program will expire on July 31, 2023. As of December 31, 2022, the company had 29,669,902 shares in issue (excluding treasury stock) and 2,749 shares in treasury. Announcement • Dec 28
Japan Cash Machine Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Japan Cash Machine Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 17% share price gain to €6.85, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 28x in the Electronic industry in Germany. Total loss to shareholders of 8.0% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Tatsuhiko Saruwatari was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥12.03 (vs JP¥5.50 in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.03 (up from JP¥5.50 in 2Q 2022). Revenue: JP¥6.27b (up 28% from 2Q 2022). Net income: JP¥357.0m (up 119% from 2Q 2022). Profit margin: 5.7% (up from 3.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: JP¥31.52 (vs JP¥0.37 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.52 (up from JP¥0.37 in 1Q 2022). Revenue: JP¥6.01b (up 47% from 1Q 2022). Net income: JP¥935.0m (up JP¥924.0m from 1Q 2022). Profit margin: 16% (up from 0.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 14% per year. Announcement • May 12
Japan Cash Machine Co., Ltd., Annual General Meeting, Jun 28, 2022 Japan Cash Machine Co., Ltd., Annual General Meeting, Jun 28, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥20.40 (vs JP¥255 loss in FY 2021) Full year 2022 results: EPS: JP¥20.40 (up from JP¥255 loss in FY 2021). Revenue: JP¥20.0b (up 18% from FY 2021). Net income: JP¥605.0m (up JP¥8.16b from FY 2021). Profit margin: 3.0% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Tatsuhiko Saruwatari was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Japan Cash Machine Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 Japan Cash Machine Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Buying Opportunity • Apr 12
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €6.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Meanwhile, the company became loss making. Board Change • Mar 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Tatsuhiko Saruwatari was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Feb 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥6.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% per annum over the last 3 years. The company became loss making over the last 3 years. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥28.25 (up from JP¥165 loss in 3Q 2021). Revenue: JP¥5.57b (up 17% from 3Q 2021). Net income: JP¥838.0m (up JP¥5.72b from 3Q 2021). Profit margin: 15% (up from net loss in 3Q 2021). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS JP¥5.50 (vs JP¥35.67 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.91b (up 63% from 2Q 2021). Net income: JP¥163.0m (up JP¥1.22b from 2Q 2021). Profit margin: 3.3% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥0.37 (vs JP¥16.62 loss in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥4.10b (down 20% from 1Q 2021). Net income: JP¥11.0m (up JP¥504.0m from 1Q 2021). Profit margin: 0.3% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
Full year 2021 earnings released: JP¥255 loss per share (vs JP¥60.57 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥17.0b (down 35% from FY 2020). Net loss: JP¥7.56b (loss widened 321% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 09
New 90-day high: €4.34 The company is up 6.0% from its price of €4.10 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 5.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: JP¥165 loss per share (vs JP¥0.24 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥4.76b (down 25% from 3Q 2020). Net loss: JP¥4.89b (down JP¥4.89b from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Dec 31
Japan Cash Machine Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 Japan Cash Machine Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Dec 29
New 90-day low: €3.84 The company is down 18% from its price of €4.66 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: €4.10 The company is down 7.0% from its price of €4.40 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. Reported Earnings • Nov 07
Second quarter 2021 earnings released: JP¥35.67 loss per share The company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥3.01b (down 54% from 2Q 2020). Net loss: JP¥1.06b (loss widened 228% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 113% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Oct 10
Japan Cash Machine Co., Ltd. to Report Q2, 2021 Results on Nov 05, 2020 Japan Cash Machine Co., Ltd. announced that they will report Q2, 2021 results on Nov 05, 2020 Announcement • Jun 19
Japan Cash Machine Co., Ltd. to Report Q1, 2021 Results on Aug 05, 2020 Japan Cash Machine Co., Ltd. announced that they will report Q1, 2021 results on Aug 05, 2020